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Yapi Ve Kredi Bankasi AS (IST:YKBNK) Cyclically Adjusted PB Ratio : 4.13 (As of May. 21, 2024)


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What is Yapi Ve Kredi Bankasi AS Cyclically Adjusted PB Ratio?

As of today (2024-05-21), Yapi Ve Kredi Bankasi AS's current share price is ₺34.52. Yapi Ve Kredi Bankasi AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₺8.35. Yapi Ve Kredi Bankasi AS's Cyclically Adjusted PB Ratio for today is 4.13.

The historical rank and industry rank for Yapi Ve Kredi Bankasi AS's Cyclically Adjusted PB Ratio or its related term are showing as below:

IST:YKBNK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.51   Med: 0.89   Max: 4.13
Current: 4.06

During the past years, Yapi Ve Kredi Bankasi AS's highest Cyclically Adjusted PB Ratio was 4.13. The lowest was 0.51. And the median was 0.89.

IST:YKBNK's Cyclically Adjusted PB Ratio is ranked worse than
96.22% of 1189 companies
in the Banks industry
Industry Median: 0.93 vs IST:YKBNK: 4.06

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Yapi Ve Kredi Bankasi AS's adjusted book value per share data for the three months ended in Mar. 2024 was ₺21.379. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ₺8.35 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Yapi Ve Kredi Bankasi AS Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Yapi Ve Kredi Bankasi AS's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Yapi Ve Kredi Bankasi AS Cyclically Adjusted PB Ratio Chart

Yapi Ve Kredi Bankasi AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.81 0.73 2.03 2.54

Yapi Ve Kredi Bankasi AS Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.52 1.93 2.55 2.54 3.27

Competitive Comparison of Yapi Ve Kredi Bankasi AS's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Yapi Ve Kredi Bankasi AS's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Yapi Ve Kredi Bankasi AS's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Yapi Ve Kredi Bankasi AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Yapi Ve Kredi Bankasi AS's Cyclically Adjusted PB Ratio falls into.



Yapi Ve Kredi Bankasi AS Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Yapi Ve Kredi Bankasi AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=34.52/8.35
=4.13

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Yapi Ve Kredi Bankasi AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Yapi Ve Kredi Bankasi AS's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=21.379/131.7762*131.7762
=21.379

Current CPI (Mar. 2024) = 131.7762.

Yapi Ve Kredi Bankasi AS Quarterly Data

Book Value per Share CPI Adj_Book
201309 0.000 98.790 0.000
201312 2.709 98.326 3.631
201403 2.724 99.695 3.601
201409 2.910 100.428 3.818
201412 2.995 99.070 3.984
201503 0.000 99.621 0.000
201512 3.420 99.792 4.516
201603 3.513 100.470 4.608
201606 0.000 101.688 0.000
201609 0.000 101.861 0.000
201612 3.870 101.863 5.006
201703 4.104 102.862 5.258
201706 4.327 103.349 5.517
201709 4.293 104.136 5.432
201712 4.460 104.011 5.651
201803 4.682 105.290 5.860
201806 5.601 106.317 6.942
201809 4.772 106.507 5.904
201812 4.618 105.998 5.741
201903 4.626 107.251 5.684
201906 4.796 108.070 5.848
201909 4.760 108.329 5.790
201912 4.876 108.420 5.926
202003 4.966 108.902 6.009
202006 5.224 108.767 6.329
202009 5.531 109.815 6.637
202012 5.631 109.897 6.752
202103 6.010 111.754 7.087
202106 6.205 114.631 7.133
202109 6.603 115.734 7.518
202112 7.516 117.630 8.420
202203 8.318 121.301 9.036
202206 11.180 125.017 11.784
202209 13.321 125.227 14.018
202212 14.947 125.222 15.729
202303 15.562 127.348 16.103
202306 16.487 128.729 16.877
202309 19.206 129.860 19.489
202312 21.176 129.419 21.562
202403 21.379 131.776 21.379

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Yapi Ve Kredi Bankasi AS  (IST:YKBNK) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Yapi Ve Kredi Bankasi AS Cyclically Adjusted PB Ratio Related Terms

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Yapi Ve Kredi Bankasi AS (IST:YKBNK) Business Description

Traded in Other Exchanges
N/A
Address
Yap? Kredi Plaza D Blok Levent, Istanbul, TUR, 34330
Yapi Ve Kredi Bankasi AS is a banking group operating in, and with its credit exposed nearly entirely to Turkey. The company's strategy emphasizes growth, profitability, and customer satisfaction. The Bank carries out its banking operations through two main business units Retail Banking and Corporate and Commercial Banking. The group also has domestic financial subsidiaries in asset management, brokerage, leasing, and factoring. An overwhelming majority of its outstanding shares are held by Koç Group, a largest conglomerate in Turkey. The group's largest contributor to revenue is retail banking, which includes card payment systems, as well as individual and small to midsize enterprise banking.

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